Warsaw, October 6, 2021
Polish-Kazakh Business Forum
An interview with Mr. Meirzhan Yussupov, Chairman of the Board of the “National Company” KAZAKH INVEST” JSC – Member of the Board of Directors of the Company by Magdalena Sobańska-Cwalina, Ph.D., Boym Institute, Member of the Board, Warsaw, Poland
MSC: Let’s make a quick start. Why Polish entrepreneurs should invest in Kazakhstan?
M.Y.: There are many good reasons. Firstly, the market access. Kazakhstan is the part of the Eurasian Economic Union, so you can consider a 180 million consumer market. Secondly, perfect geographical location. The shortest land connection between Western Europe and China passes through Kazakhstan. We have China on the other side of the border. From Almaty – the former capital of Kazakhstan – there is two to three hours of driveway to the Chinese border. Thirdly, if you conduct a capital investment to Kazakhstan, we have attractive government incentives, such us various tax breaks, subsidies, and plug-and-play infrastructure provided by the government. Fourthly, our population is growing in demographic terms. In terms of UN Human Development Index, we occupy a much higher place compared to our neighbors. We have well educated population which provide quality services at affordable price. Moreover, our country is rich in natural resources and raw materials. Last but not least is political stability. If you take a look at around Kazakhstan, our country is a safe haven for investors.
Magdalena Sobańska-Cwalina (M.S-C): How Poland as a country and Polish products are perceived in your country?
M.Y.: As you can see from the outstanding turnout at the Polish-Kazakh business forum, Polish business is popular in Kazakhstan. And vice versa. Polish goods are regarded very well in Kazakhstan. For example, although we consider Kazakhstan a birthplace of apples, Polish fruits are still exported to Kazakhstan. This shows how well advanced the Polish technology is in terms of agricultural sector. We know also Polcotton very well, an investor to greenhouses in Central Asia. We have also other Polish projects in Kazakhstan like Polpharma which is the pharmaceutical company with a well-established production in our country.
M. S-C.: If a Polish company would like to start a business in Kazakhstan what do they need to know first?
M.Y.: The Kazakh government is putting a lot of efforts to enhance the business climate. We are #25 overall and #22 in terms of easiness of starting a business according to the World Bank’s Doing Business Report. I would advise anyone who is planning to start a business in Kazakhstan to contact KAZAKH INVEST so that we can advise. We also give a hand in finding a local partner in Kazakhstan.
For potential investors we provide comprehensive country information, plus sectoral reviews, and what is important specific investment projects prepared by our team together with international consultants.
Then we organize targeted visits to Kazakhstan. We set up meeting with central government bodies and local authorities. We have representatives in all regions. Important service is business matchmaking, we assist in searching for a strong local partner.
Then we assist in structuring of investment projects providing various options for financing. We guide investors all the way through the project implementation stage. And even after a successful launch, we provide continuous service support on the questions investors may have in doing business in Kazakhstan.
M. S-C.: What are the common mistakes foreign companies make in Kazakhstan?
Many of those mistakes are related to the market. Firstly, all businessmen conduct analysis prior making investments. Sometimes there is a market mismatch: there is not enough market for their products. Secondly, you should carefully think about logistics and local raw materials availability. Therefore, knowledge of the market is essential. If investors come to the KAZAKH INVEST, we help them with market research. It would be also wise to invest in hiring various specialized companies that do real kind of in-depth analysis of that market for their specific products
M.S-C.: What are priority sectors in which you would like to see Polish investors?
M.Y.: There is a large list of priority sectors, including agribusiness, mining, metallurgy, petrochemical industry, infrastructure, renewable energy and others. But personally, I would like to highlight agribusiness given the potential of Kazakhstan. Kazakhstan is among Top 5 countries globally in terms of potential for growth of agriculture sector. The government is putting a lot of emphasis to attract even more investments in agriculture and food processing. More concretely, feed mills for growing the cattle or greenhouse projects are on top the list. The pandemics demonstrates that food security is essential. We see a lot of interest in investing in Kazakhstan, for consumption domestically and for exports to other markets, e.g. China.
MSC: Both Poland and Kazakhstan have problems with the inefficient water use. Isn’t it a platform for future cooperation?
M.Y.: We are very concerned about the amount of water consumed by irrigation systems in Kazakhstan. The government devotes a lot of attention on how to save water using the modern irrigation technologies. Therefore, we are interested in cooperation with Polish companies on this matter.
M.S-C: Aren’t you afraid of the competition from your southern neighbor, Uzbekistan? The reforms started there may make it more attractive for foreign investors than it was before.
M.Y.: Competition is always good. For so many years we have been the leader in terms of foreign direct investment, in absolute numbers. If someone is doing better than before and wants to compete that gives additional impetus for us to become even better. Many entrepreneurs are investing to the southern part of Kazakhstan, which provides direct access to the entire growing market of Central Asia.
M.S-C: What are the main results of today’s business forum?
M.Y.: We have signed seven documents between Poland and Kazakhstan. It is by far the largest business event during the last four years. There is a very high interest from the Polish business community in terms of investing in Kazakhstan, as well as a strong Kazakh demand for meeting Polish business. We have a lot of positive feedback; I am sure we laid strong foundations for future partnerships.
On October 5, 2021, the Polish-Kazakh Business Forum was held in Warsaw, during which 7 bilateral documents were signed on the implementation of projects in Kazakhstan worth about $ 445 million.
Magdalena Sobańska-Cwalina Central Asia analyst, member of the Board of Directors of the Michal Boym Institute for Asian and Global Studies Foundation, PhD in economics (topic of doctoral dissertation: "Institutional determinants of the activity of Polish companies of the building materials industry in eastern markets"). Privately, she is passionate about classical music.
Więcej informacji na temat: newslettera, polityki prywatności serwisu
czytaj więcej
Peace is a precondition for LiFE. How systemic conflicts endanger developmental goals
The G20 can play a pivotal role in dealing with the mounting global challenges by proposing policy coordination and solutions disincentivising armed conflicts.
Krzysztof ZalewskiWICCI’s India-EU Business Council – a new platform for women in business
Interview with Ada Dyndo, President of WICCI's India-EU Business Council and Principal Consultant of European Business and Technology Centre
Ada DyndoAre “Climate Refugees” (Just) About Climate?
As the awareness of the scale and pervasiveness of climate impacts on human societies keeps rising, so does the frequency with which the terms “climate refugees” and “climate migrants” are being used in the public discourse “to describe those who are being displaced due to adverse consequences related to climate change” (Atapattu, 2020).
Dawid JuraszekTSRG 2021: The Impacts of the BRI on Europe: The Case of Poland and Germany
It is important to contribute to the understanding of what the New Silk Road can mean in economic, political, leadership and cultural terms for the European countries involved. This analysis should reveal the practical consequences of the Belt and Road Initiative for Europe in the case of Poland and Germany, as well as their respective social effects.
An “Asian NATO”: Chances and perspectives
The Russian invasion of Ukraine has reinvigorated NATO. Can the Chinese pressure on its neighbours, especially Taiwan, create an Asian equivalent of NATO?
Paweł BehrendtCoronavirus and climate policies: long-term consequences of short-term initiatives
As large parts of the world are gradually becoming habituated to living in the shadow of the coronavirus pandemic, global attention has turned to restarting the economy. One of the most consequential impacts of these efforts will be that on our climate policies and environmental conditions.
Dawid JuraszekJoin us for the Adam Institute’s Latest Online Course
Conflict resolution models have been primarily crafted and codified by men. The Adam Institute for Democracy and Peace invites you to be part of that much-needed change through an experiential and innovative Online Course "Conflict Resolution in the Context of Gender".
Patrycja Pendrakowska as a founding member of the WICCI’s India-EU Business Council
By sharing knowledge, business opportunities, and best practices the Council generates awareness of women's contributions in developing the India-EU relations.
We would like to inform, that Financial Intelligence has published interview for Balkan Development Support with Patrycja Pendrakowska.
Patrycja Pendrakowska and Paweł Behrendt on navigating Sino-Polish relations
We are proud to annouce, that Patrycja Pendrakowska and Paweł Behrendt made a contribution to the latest project of the Baltic Security Foundation, The Jamestown Foundation and the Baltic-American Freedom Foundation.
We would like to inform, that Observer Research Foundation has published article of Patrycja Pendrakowska - the Boym Institute Analyst and President of the Board.
Patrycja PendrakowskaThe Boym Institute message to Indian policymakers and analysts
India’s current position towards the Russian invasion on Ukraine may damage its reputation as a major force of peace in the world
The North Korean nuclear dismantlement and the management of its nuclear wastes
Evidence suggests that North Korea stores its high-level nuclear waste (HLW) in liquid form in tanks on the same site where it is made, and has not invested in infrastructure to reduce, dentrify, or vitrify this waste. However, this is just the tip of the iceberg, one of many aspects of the North Korean nuclear waste problem.
Nicolas LeviWe would like to inform, that Observer Research Foundation has published article of Patrycja Pendrakowska - the Boym Institute Analyst and President of the Board.
Patrycja PendrakowskaSearching for Japan’s Role in the World Amid the Russia-Ukraine War
The G7 Hiroshima Summit concluded on May 21 with a communiqué reiterating continued support for Ukraine in face of Russia’s illegal war of aggression. Although Japan was perceived at the onset of the war as reluctant to go beyond condemning Russia at the expense of its own interests, it has since become one of the leading countries taking action during the war.
Rintaro NishimuraForeign Direct Investment in Vietnam
Thanks to continuous economic development, Vietnam attracts a record number of Foreign Direct Investment (FDI). The catalyst for such a strong growth of FDI in Vietnam is not only the ongoing trade war between the US and China, but also new international agreements.
Jakub KrólczykCoronavirus outbreak in Poland – General information and recommendations for entrepreneurs
Kochański & Partners and the Boym Institute engaged in delivering information about latest after-effects of COVID-19 pandemia, which has begun to spread in Poland during the past days.
The Boym Institute message to Chinese policymakers and analysts
The EU-China relations require common perspective on Russia’s invasion on Ukraine
Paweł Behrendt for 9DASHLINE: The South China Sea – from colonialism to the Cold War
We would like to inform, that 9DASHLINE has published article of Paweł Behrendt - the Boym Institute Analyst, in which he wrote about history of the South China Sea dispute over the 20th century.
Paweł BehrendtCentral Asia. The winding road to regional integration
The aim of the paper is to present the current stage of integration among the Central Asian republics and to analyze directions and dynamics of this process in the nearest future. This study also attempts to identify factors which can either slow down or strengthen the process of integration as well as its causes and consequences.
Jerzy OlędzkiPolish women do not often become the heroines of media reports in Central Asia. In February 2020, however, it was different. The story of Agnieszka Pikulicka-Wilczewska, a journalist, "heated up" the headlines of local news portals. More importantly, "between the lines" she talked a lot about contemporary Uzbekistan and the role of women in politics.
Magdalena Sobańska-CwalinaInvest and cooperate with Serbia or Poland? A dilemma for South Korean companies
This paper explains why Serbia may replace Poland as a strategic outsourcing centre for South Korean companies in Central and Southern Europe.
Nicolas LeviRoman Catholic cemetery in Harbin (1903-1958)
First burials of Catholics, mostly Poles but also other Non-Orthodox believers took place in future Harbin in the so called small „old” or later Pokrovskoe Orthodox cemetery in the future European New Town quarter and small graveyards at the military and civilian hospitals of Chinese Eastern Railway at the turn of XIX and XX century.
Jerzy CzajewskiThe Boym Institute contribution to the Transcultural Caravan project
We are pleased to announce, that our analysts and contributors are among authors of the newest publication - "European Perspectives on the New Silk Roads – A Transcultural Approach".